Saudi Arabia's Real Estate Development Fund (REDF) is planning to finalize loans to over 500,000 applicants on the waiting list by 2020, Al-Hayat newspaper reported on Monday, citing Turki Al-Dahmash, media content manager at the fund.
The fund has already provided loans to a large number of beneficiaries on the waiting list.
Meanwhile, a total of 5,000 loan applications are expected to be received in February, Al-Dahmash said, adding that applicants can know their number on the waiting list through the recently-launched service “Know Your Number”.
Earlier this week, REDF launched two new services to facilitate its services for Saudi citizens and reduce the waiting time for more applicants.
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